Month: September 2010

Cantabil Retail India IPO: It’s your choice

The issue is reasonably priced even though the ICRA grading for this IPO is low. This grading indicates below-average fundamentals. The company also operates in a highly fragmented market. Make your choice! Issue: Price: Rs127-Rs135 per equity share Bid lot:

Vishal Retail finally finds suitors

Debt-laden Delhi-based Vishal Retail will sell its retail trading business to Shriram Group of Chennai and the wholesale business, institutional sales and franchise operation to a private equity company, ‘TPG Capital’, with the combined deal totaling to Rs1 billion. Pertaining

Shopper’s Stop appointed Govind Shrikhande as MD

Shopper’s Stop Ltd along with the declaration of their exceptional Q1FY11 results also announced the appointment of Govind Shrikhande as the Managing Director, effective from July 29, 2010. Shrikhande took charge of Shopper’s Stop Limited as the Customer Care Associate,

Spice HotSpot to invest Rs 200 cr for retail expansion

New Delhi, May 15 Mobile retail chain HotSpot is scouting for acquisition to strengthen its presence in the organised retail space. The company, which recently had acquired stake in Cellucom, is looking to invest Rs 200 crore for its retail

Gokhale would be responsible for running The MobileStore

Mobile handset retailer The Mobile Store today announced the appointment of Srikant Gokhale as its Chief Executive Officer. He earlier served as the CEO of ‘X-cite’, a large format consumer durables and IT (CDIT) store chain, which was recently acquired

Spice Mobility launches Mi-300 3G phone at Rs.9,990

Spice Mobility Managing Director Dilip Modi said the launch of the ‘Connected Spice Life’ devices with the ‘& Series’ (Android) range would provide customers new-age high technology devices that have an interplay on the mobile internet platform readily operable in

Future group revamp Big Bazaar

India’s largest retailer, Pantaloon Retail India Ltd, is gearing up to more than double the number of its Food Bazaar and Big Bazaar stores, the expansion contrasting with its simplification drive. Three years ago, the Future group, the parent company,